The 7 Essential Elements Of A Winning Business Development Plan

At this phase, the firm adds an export manager as part of the marketing department and finds foreign partners. It invests in its own designers to achieve this.

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If you are starting your own business it is important to come up with a business development plan. In international companies, the high failure rate of expatriates can be contributed to six factors − career blockage, culture shock, lack of cross-cultural training, an overemphasis on technical qualifications, using international assignments to get rid of problematic employees, and family problems. Retrenchment strategies involve a reduction in the scope of a corporation’s activities, which also generally necessitates a reduction in number of employees, sale of assets associated with discontinued product or service lines, possible restructuring of debt through bankruptcy proceedings, and in the most extreme cases, liquidation of the firm. First, the dynamics of a growth market – including the … Read the rest